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stock recommendation, stock pick
Begin part 2 of 2
THE PLAYS
Good movers Tuesday: CBR; MAMA; NPRO; SKIL; STSI; NSTM; BWA; DHR; MOLX; TECD
NEW PLAYS:
Upside:
Play Date: 03/23/2004
WMAR (West Marine--$29.69; +0.52; optionable): Boating supplies
http://biz.yahoo.com/p/w/wmar.html
STATUS: 50 day MVA test. These are very nice stores, not musty, dockside warehouses. The stock has been on a tear after breaking out in late November, bouncing up the 18 day MVA (30.42) four times. Stocks typically bounce 4 to 5 times up the short term MVA and then come back and test the 50 day, regroup, and then start the next run up the 18 day MVA. We are looking to pick it up on a volume move off this level. Solid money flow.
Volume: 274.977K Avg Volume: 144.954K
BUY POINT: $30.45 Volume=295K Target=$35 Stop=$30.12
POSITION: XWQ GF - July $30c (51 delta)
http://www.investmenthouse.com/ct/wmar.html
CONTINUING PLAYS:
Play Date: 03/08/2004
WSTM (Workstream--$2.60; +0.12; no options): Staffing and outsourcing
http://biz.yahoo.com/p/w/wstm.html
STATUS: Cup w/handle. Volume jumped back up to average Tuesday as WSTM surged up toward the breakout from its 12 week base that has formed over the 50 day MVA (2.35). Solid accumulation and money flow is running higher ahead of price. Relative strength is making the breakout ahead of the stock a very bullish indication.
Volume: 210.93K Avg Volume: 193.272K
BUY POINT: $2.72 Volume=234K Target=$3.55 Stop=$2.53
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/wstm.html
CONTINUING PLAY TABLE:
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http://www.technicaltraders.com/ttr/table.php
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http://www.investmenthouse.com/rescue/rescue.php3
LEGEND
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: A Wedge=Ascending triangle/wedge; BO=Breakout; Cup=Cup base; Cup hdl=Cup w/handle; DB hdl=Double bottom w/handle; Dbl btm=Double bottom; Flat=Flat base; FlyPlat=Flying Plateau; Pennant=Pennant; Rv H&S=Reverse head & shoulders; Saucer=Saucer base; Test 18=Testing 18 day MVA; Test 50=Testing 50 day MVA; Test BO=Testing the breakout (could be 10 day MVA test, etc.)
Downside play types: CCall=Covered Call; DWedge=Descending triangle/wedge; Dbl Top=Double top; H&S=Head & shoulders; Put (generic downside);
PIVOT=Buy point
Tgt=Target stock price for the play. Applies to stock and options.
Vol=Volume for the most recent session.
TgtV=Target volume to enter the play.
Stop=Stop advisory point. This is advisory and we may or may not exit a play if it hits this level depending upon market conditions.
PLAY STATUS: Buy not hit (stock has not hit buy point); Buy not issued (stock has hit buy point but did not enter due to weak volume, poor intraday action, poor market action); Current (ongoing play already entered); Entered today (entered the play that session); Exited (closed the position); Target hit (play hit initial target; will note if took all or partial gain or let run further); Trailing stop (exited using a trailing stop loss).
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACCL 02/21 Test 50 18.91 +0.15 20.59 24.75 118K 246K 19.54
Current.
ACXM 03/17 Test 18 19.69 -0.29 20.56 24.72 421K 800K 19.88
Buy Not Issued.
ARRY 02/25 Test 50 8.66 -0.13 7.9 9.48 53K 300K 8.48
Current.
ASKJ 03/18 BO 28.89 -0.29 30.75 36.95 2.2M 3.7M 28.61
Buy Not Issued.
BEBE 03/13 Cup hdl 30.04 +0.17 31.62 36.35 98K 200K 29.38
Buy Not Hit.
CBR 03/17 Cup hdl 10.6 +0.46 10.65 12.78 507K 750K 9.98
Current.
CHT 01/22 Cup hdl 17.27 +0.97 15.75 18.92 622K 1.1M 17.06
Current.
CHTT 02/14 Cup hdl 25.5 -0.35 22.25 26.48 152K 282K 25.88
Current.
CYTC 03/17 Test 18 19.56 +0.36 20.48 24.65 1.7M 2.2M 19.34
Buy Not Hit.
CYTC 03/01 Cup hdl 19.56 +0.36 20.24 24 1.7M 1.7M 19.96
Current.
GTI 03/20 A Wedge 14 +0.3 14.65 17.62 1.1M 1.8M 13.62
Buy Not Hit.
HMP 03/08 A Wedge 1.85 +0.06 2.16 2.84 47K 150K 2.08
Current.
HYSL 03/01 A Wedge 37.24 +1.25 38.72 44.38 873K 1.1M 36.68
Buy Not Issued.
LTD 03/22 Test 50 19.69 +0.4 19.68 23.62 6.4M 3.9M 18.88
Buy Not Issued. Gapped higher on the earnings, but sold back most of
the day. Looked for a late rebound but it never showed
so we decided to wait & see if it tests the gap and
then continues the move.
MAMA 03/16 Test BO 11.22 +0.59 10.04 13.12 8.3M 6M 9.32
Current.
MER 03/04 A Wedge 59.2 -0.09 63.79 72 5.1M 6.5M 60.32
Current.
MER 02/14 A Wedge 59.2 -0.09 61.96 70.55 5.1M 6.5M 60.32
Current.
MICU 02/25 Flat 21.53 +0.06 23.82 28 309K 537K 22.72
Current.
MIL 02/07 Test BO 50.92 +0.53 50.44 58 304K 500K 50.98
Current.
MIND 03/15 Test BO 4.59 -0.12 4.68 5.62 109K 105K 4.35
Buy Not Issued.
MXT 03/22 Cup hdl 6.74 -0.02 7.02 8.45 992K 1.7M 6.48
Buy Not Hit.
NMGC 03/03 Flat 4.56 -0.11 5.1 6.18 278K 488K 4.88
Current.
NPRO 03/22 Cup hdl 3.19 +0.31 3.11 3.88 1.2M 402K 2.87
Entered today.
NPRO 02/03 Cup hdl 3.19 +0.31 2.87 3.58 1.2M 402K 2.87
Current.
NSTK 03/20 Test 18 12.29 -0.36 13.42 16.12 102K 135K 12.48
Buy Not Issued.
OCR 03/15 Test 50 43.39 +0.57 44.88 49.38 630K 743K 43.94
Buy Not Issued.
PLXT 03/03 A Wedge 9.61 -0.19 11.26 13.42 119K 218K 10.47
Current.
QLTI 02/17 FlyPlat 23.45 -0.3 24.92 29.55 966K 2M 23.68
Buy Not Issued.
RECN 03/22 Rv H&S 34.5 +0.3 35.75 42.92 187K 225K 33.95
Buy Not Hit.
SGMS 03/01 Dbl btm 17.65 +0.54 18.12 21.75 510K 1.1M 16.85
Buy Not Issued.
SKIL 01/03 Cup hdl 11.6 +1.62 9.32 11.24 3.8M 518K 10.12
Current.
SLTC 03/09 Cup hdl 5.02 +0.01 5.37 6.48 47K 242K 4.96
Buy Not Hit.
SOFO 02/21 Cup hdl 2.25 +0.05 2.56 3.21 81K 189K 2.38
Buy Not Issued.
STG 03/13 Test 18 3.7 0 4.04 5 612K 563K 3.76
Buy Not Hit.
STSI 03/13 Cup hdl 3.91 +0.11 4.42 5.48 315K 285K 4.11
Buy Not Hit.
SWIR 03/18 Test BO 31 +1 32.22 37.25 1.2M 1.3M 30.22
Current.
SWIR 03/06 BO 31 +1 31.88 36.85 1.2M 1.1M 29.65
Current.
TEO 02/23 Test 50 10.7 +0.17 10.61 12.72 443K 520K 10.48
Current.
TLCV 03/11 Test 18 10.68 +0.14 11.08 13.12 259K 1.2M 10.32
Buy Not Issued.
TOM 02/28 Cup hdl 16.69 +0.34 16.84 20.12 421K 850K 16.22
Current.
VNWK 03/01 FlyPlat 3.03 -0.13 4.19 5.45 512K 500K 3.89
Exited.
VOXX 02/21 A Wedge 18.01 -0.11 16.29 19.62 206K 160K 17.92
Current.
VRNT 03/15 Cup hdl 28.6 +0.6 27.88 33.45 223K 200K 26.94
Current.
VSAT 02/07 BO 23.4 -0.52 26.12 31.24 277K 351K 27.04
Exited.
WAT 03/20 Cup hdl 38.66 -0.24 39.45 45.58 628K 850K 37.75
Buy Not Issued.
WEBX 02/25 Test 18 26.06 -0.16 27.27 31.35 913K 1M 27.38
Current.
WIND 03/13 Test BO 9.97 +0.02 10.72 12.88 582K 850K 9.97
Buy Not Issued.
WMI 03/17 A Wedge 28.71 +0.1 30.25 36.32 1.6M 2.8M 28.13
Buy Not Hit.
WSTM 03/08 Cup hdl 2.6 +0.12 2.72 3.55 211K 234K 2.53
Buy Not Hit.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ASF 02/11 Put 16.02 +0.26 15.04 12.55 137K 453K 15.74
Current.
AZO 03/10 Put 84.93 +0.37 84 81.28 1.3M 1.1M 83.66
Current.
BWA 03/20 Put 81.3 -0.7 83.12 80.05 302K 255K 85.25
Current.
CAT 02/28 Put 75.85 +0.35 75.54 72.48 2.1M 3M 74.25
CCL 03/22 Put 42.3 +0.33 41.75 39.72 3.6M 3M 42.94
Buy Not Hit.
DHR 03/10 Put 89.02 -1.77 88.22 85.25 1.6M 1.2M 90.15
Current.
GGG 03/18 Put 40.46 +0.6 40.07 38.22 98K 165K 40.88
Current.
HHH 03/15 Put 47.52 -0.38 47.36 45.35 166K 350K 48.88
Buy Not Issued.
MOLX 03/20 Put 28.71 -0.49 29.48 27.38 1M 750K 30.32
Current.
TECD 03/22 Put 38.01 -0.74 38.45 36.05 671K 550K 39.25
Entered today.
TXT 03/15 Put 51.64 -0.46 51.7 48.65 586K 800K 53.36
Current.
UTX 03/16 Put 84.38 +0.03 87.84 84 2.6M 3M 87.65
Good Investing!
Jon L. Johnson and your Technical Traders Report Team
All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP. or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners in Online Investment Services, LP. or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors.
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stock recommendation
stock pick
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